Occidental Petroleum Is Getting Up to $650 Million to Accelerate Its Ability to Capture This Potentially $5 Trillion Market Opportunity [Yahoo! Finance]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
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Source: Yahoo! Finance
It injects the greenhouse gas into underground oil reservoirs in the Permian Basin to boost the production of those legacy fields through a technique known as enhanced oil recovery (EOR). The oil company is now leveraging that expertise to become an early leader in carbon capture and sequestration (CCS) The oil company believes CCS could eventually grow into a $3 trillion to $5 trillion global market opportunity. It aims to capture a slice of that potentially lucrative market by building out Direct Air Capture (DAC) hubs. The U.S. Department of Energy recently awarded the company up to $650 million to accelerate the development of future DAC facilities. The funding accelerator The U.S. Department of Energy's Office of Clean Energy Demonstrations will provide Occidental Petroleum's 1PointFive subsidiary with funding to help accelerate the development of its next DAC facility. It will supply up to $500 million to support the development of the company's South Texas DAC Hub. It cou
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OXY
News
- Occidental Petroleum Co. (NYSE: OXY) had its price target lowered by analysts at UBS Group AG from $70.00 to $59.00. They now have a "neutral" rating on the stock.MarketBeat
- Occidental Petroleum (OXY) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
- Occidental Petroleum Co. (NYSE: OXY) had its price target lowered by analysts at Mizuho from $76.00 to $72.00. They now have a "neutral" rating on the stock.MarketBeat
- Occidental: Warren Buffett Was Too Early [Seeking Alpha]Seeking Alpha
- Occidental Petroleum Corporation (OXY): Analysts Recommend This Commodity Stock Right Now [Yahoo! Finance]Yahoo! Finance
OXY
Earnings
- 8/7/24 - Beat
OXY
Sec Filings
- 8/14/24 - Form 8-K
- 8/14/24 - Form 424B7
- 8/13/24 - Form 424B7
- OXY's page on the SEC website